A podcast about nontraditional business startup and business management. I share my experience and knowledge starting my new business and manufacture my first product. Thanks for joining me today.
Entrepreneur Hub
Claim This Podcastby AzizAL
9 episodes
Updated Daily
Accepts GuestsHas SponsorsLocation 🇺🇸
Podcast Overview
A podcast about nontraditional business startup and business management. I share my experience and knowledge starting my new business and manufacture my first product. Thanks for joining me today.
Language
🇺🇲
Publishing Since
9/13/2021
1 verified contact email on file for Entrepreneur Hub
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Recent Episodes
October 16, 2023
Thought for Post Content in 2023
"Embrace the journey, not just the destination. In 2023, let's remember that every step we take, every challenge we face, and every moment we savor are all part of the beautiful tapestry of our lives. Enjoy the ride, learn from the detours, and make this year a chapter in your story worth remembering. 🌟 #2023 #JourneyOfLife"
March 6, 2023
What is product life cycle?
<p><strong>What is product life cycle?</strong></p> <p>We always hear about the product life cycle in manufacturing and marketing. But What is the product life cycle?</p> <p>The product life cycle is the duration of the product from an idea to the end of the product’s life. Which include designing cycle, manufacturing cycle, and sale cycle. Since there is a cycle, then there is a time limit for the product you are planning to manufacture. The product’s life cycle is 100% and if you divide the time percentage between 3 cycles, it will be 33.33% for each cycle.</p> <p>So, if you want to extend your sales cycle, what do you need to do? You need to shorten your manufacturing cycle or designing cycle. Let’s take this example, you have an idea for a product and your product’s life cycle is 12 months. So each cycle is 4 months. Let's say you shorten your design cycle from 4 months to 2 months. Then you add 2 months from your designing cycle to your sale cycle which will be 6 months</p> <p>Now you have more time to sell your product.! But what if you can shorten your manufacturing cycle to 2 months? Now you’ll have:</p> <p>Design cycle 2 months</p> <p>Manufacturing cycle 2 months</p> <p>Sale cycle 8 months</p> <p>The sale cycle has increased to almost 66.6% which means you have 66.6% of your product lifetime on sale cycle.</p> <p>I am sure now you understand the benefits of a shorter design and manufacturing cycle will benefit your company.</p> <p>Keep in mind that the opposite is true. Which means if your designing cycle and manufacturing cycle take more than 4 months for product cycle then you will end up with less sale time for your product.</p> <p>Of course, products are different from each other but this is an example of an easy and simple product.</p> <p>In the next podcast ,I will go over specific benefits of the product short cycle.</p> <p>See you next podcast.</p> <p>#podcast #manufacturing #cycle #marketing #product #consultation</p>
August 8, 2022
What are the differences between private and public company?
<p><strong>Private and Public Companies</strong></p> <p>Most of the companies in the US are privately owned and a few companies are public. Private and public companies have almost the same structures, but there are some differences between them.</p> <p><u><strong>Private Companies</strong></u></p> <ul> <li>Directors are usually shareholders who control all of the shares.</li> <li>In the US, private companies are not required to disclose any report outside the company.</li> <li>Shareholders and owners are often involved in management decisions.</li> <li>It is hard to attract investors when private companies need to raise capital because less financial details are available for investors.</li> <li>Company value fluctuates because it is difficult to assess the company value with fewer financial reports available.</li> <li>The number of shareholders is limited to fewer than 2000.</li> </ul> <p><u><strong>Public Companies</strong></u></p> <ul> <li>Directors are not necessarily shareholders.</li> <li>Public companies have a legal obligation to share financial reports to the public.</li> <li>Shareholders are often not involved in management decisions, which sometimes leads to conflict between shareholders and management.</li> <li>Raising capital is easy for a public company in which the company can sell shares and bonds.</li> <li>The value of the company is easier to assess from the trading price and shares and financial reports.</li> <li>There can be an unlimited number of shareholders.</li> </ul> <p><u><strong>Key Terms</strong></u></p> <ul> <li><strong>Private Company:</strong> A company who trades its shares for public at a stock market</li> <li><strong>Public Company: </strong>A company who is held under private ownership and shareholders</li> <li><strong>IPO (Initial Public Offering): </strong>When a company starts the process to offer shares to the public.</li> </ul> <p><u><strong>Q&A</strong></u></p> <p><strong>What are the steps for a private company to become a public company?</strong></p> <p>Here are the steps for private company to change to public company:</p> <ul> <li>Choose board members</li> <li>Inform staff</li> <li>Vote for conversion</li> <li>Register company</li> <li>Make public announcement</li> </ul> <p><strong>Why is a public company better than private?</strong></p> <p>Public companies have the benefits of the financial market by selling shares and bonds, unlike the private companies who have to attract investors to sell private shares.</p> <p><strong>Which private company is the world's largest employer?</strong></p> <p>According to Fortune Magazine, China National Petroleum Corp has 1,242,245 employees, but the government owns 50% or more.</p>
9 total episodes available
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This podcast updates daily.
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